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A damaging spring of internet worms and poor performance
This article is part of the Information Security magazine issue of September 2017, Vol. 19, No. 7
The majority of threats enter enterprise networks through malware delivered via the internet, whether it's by email or malicious websites. How to stop the spread? Thirty years after the internet worm, dubbed the Morris worm after its creator, the security industry still hasn't figured it out. In 2017, the speed of infection in global malware attacks WannaCry ransomware, Petya and its variants wreaked havoc -- on the bottomline. Denmark-based oil and shipping giant, A.P. Moller-Maersk, reported an estimated $200 million to $300 million dollar loss in Q2, stemming from a NotPetya malware attack on June 27, which caused a temporary shutdown of critical systems associated with its container shipping business. The business disruption, which negatively affected loading volumes, lasted for several weeks. The attack did not result in a data breach or loss of third party data, according to the company. Maersk expects the majority of the financial impact from the cyberattack to show up in its Q3 results because of lost revenue in July. ...
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Features in this issue
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Columns in this issue
Security is a hot topic for media outlets that report on stock markets as companies founder on corporate earnings. The financial fallout of global malware is a call to action.
The CEO of a global pen tester used to work for the New York Yankees. Find out how Jennifer Steffens went from sports marketing to head of a security service provider.